Latest Banks News and Insights | Yellow

Coinbase executive Faryar Shirzad warned Congress that banking sector efforts to ban stablecoin interest payments could weaken US dollar dominance as China prepares to offer yields on its Digital Yuan starting Jan. 1. The Coinbase Chief Policy Officer said the move threatens competitive advantages e

PNC Bank launched direct Bitcoin trading for eligible private banking clients on Monday, becoming the first major U.S. financial institution to embed spot cryptocurrency access within its digital banking platform. The service, powered by Coinbase's Crypto-as-a-Service infrastructure, allows high-net

Bank of America now allows advisers to proactively recommend cryptocurrency investments to wealthy clients across its wealth management platforms, marking a significant shift in the bank's approach to digital assets. The guidance applies to clients at Merrill, Bank of America Private Bank and Merril

US Bank has started testing a bank-backed digital dollar on the Stellar public blockchain, marking one of the first times a major U.S. lender has piloted stablecoin payments on an open network with built-in regulatory controls. The trial, conducted with help from the Stellar Development Foundation a

JPMorgan Chase closed the bank accounts of Strike CEO Jack Mallers in September without providing specific reasons, renewing scrutiny over whether financial institutions continue to deny services to cryptocurrency executives despite a presidential directive banning the practice. The bank cited "conc